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PARIS: Emmanuel Macron was elected president of France on Sunday with a business-friendly vision of European integration, defeating Marine Le Pen, a far-right nationalist who threatened to take France out of the European Union, early projections showed. The centrist's emphatic victory, which also smashed the dominance of France's mainstream parties, will bring huge relief to European allies who had feared another populist upheaval to follow Britain's vote to quit the EU and Donald Trump's election as U.S. president.

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Despite pollsters' projections of pro-Macron candidates receiving up to 450 seats (in France's 577-seat lower house), a record low turnout has left Macron with just 360 seats (but still a massive majority) and Le Pen's National Front with just 6 seats.

Iranian Parliament Speaker Ali Larijani said Monday that the US would face stiff consequences if it withdraws from the JCPA – informally known as the Iran deal.
Speaker of Iran's parliament Ali Larijani said that Iran "had a developed plan and a certain law,” should the United States withdraw from the agreement on Tehran's nuclear program, adding that Washington would "regret it,” Sputnik reported.

Despite all the 'promises' French joblessness has risen every month since April 2011... July's jump is the 2nd biggest sinmce April 2013 and at 3.424 million is a fresh record high. One can only hope (though good luck with that) that the new cabinet - same as the old cabinet - will turn things around. With 80% of French people believing that Hollande cannot fix the economy, we suspect things get worse before better...

PARIS — Emmanuel Macron’s new party is on course to secure an historic majority in parliament after the first round of France’s legislative elections, turbo-charging the French president’s chances of driving through crucial economic reforms.

Christophe Ena/AP
Paris (AFP) - Pro-EU centrist Emmanuel Macron came under fire Monday over a glitzy party in a high-end Paris bistro and his triumphant speech following his success in the first round of France's presidential polls.

In a move that is seen as the launchpad for a presidential run by the youngest, and ostensibly most popular, member of Francois Hollande's cabinet, Reuters reports that France's Economy Minister Emmanuel Macron is set to resign on Tuesday, citing a source close to the former investment banker said.